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Updated almost 7 years ago on . Most recent reply

User Stats

193
Posts
53
Votes
Kumar Paj
  • Real Estate Agent
  • naperville, IL
53
Votes |
193
Posts

My latest investment project..

Kumar Paj
  • Real Estate Agent
  • naperville, IL
Posted

Investment Info:

Single-family residence fix & flip investment in Hammond.

Purchase price: $44,000
Cash invested: $118,000
Sale price: $149,900

Single Family home in Hammond. Full gut rehab including but not limited to plumbing, HVAC, Roof, sidings, bathrooms, flooring and Kitchen. It was challenging since property had major city violations and structural issues. It was fun and learning experience which eventually paid off.....

How did you find this deal and how did you negotiate it?

Off market deal..

How did you finance this deal?

Cash

How did you add value to the deal?

Full rehab and some major changes/updates.

Lessons learned? Challenges?

Could have done better in terms of time management. Very challenging to manage such a large project remotely.

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